Kernel Group Holdings, Inc.: Nasdaq/NYSE listing notice — Nasdaq grants Kernel extension to July 1, 2024 to complete AIRO Group combination

Kernel Group Holdings, Inc.

Nasdaq Hearings Panel grants exception to listing deficiencies until July 1, 2024.
Extension due to substantial steps toward closing initial business combination with AIRO Group Holdings.
Company was non-compliant with Nasdaq IM-5101-2 requiring SPAC to combine within 36 months of IPO.
Trading suspension stayed; decision avoids immediate delisting of KRNL securities.
Compliance with Nasdaq listing rules expected upon closing of the AIRO transaction.

item 3.01

Key facts

Extracted from this filing and checked against the source text.

Listing & Compliance Notices SEC 8-K Item 3.01 confidence 0.9

Kernel Group Holdings, Inc. received a nasdaq delisting notice notice regarding other (rules IM-5101-2).

Exchange: nasdaq
Notice: delisting notice
Rules: IM-5101-2

Exact text from the filing

February 5, 2024, Kernel Group Holdings, Inc. (the “Company” or “Kernel”) received a notice (the “Notice”) from the staff of the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) indicating that, unless the Company timely requested a hearing before the Nasdaq Hearings Panel (the “Panel”), trading of the Company’s securities on The Nasdaq Capital Market would be suspended at the opening of business on February 14, 2024, due to the Company’s non-compliance with Nasdaq IM-5101-2, which requires that a special purpose acquisition company complete one or more business comb

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Source: SEC EDGAR

accession 0001493152-24-015646

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